Amazon Stock
Amazon.com Stock to Inch Closer to $1000 in 2017
Amazon.com, Inc. (NASDAQ:AMZN) opened its virtual doors on the World Wide Web in July 1995 and has never looked back. Nobody could have imagined that an online book seller would be a such a force of disruption in the traditional retail industry. But Amazon today has become synonymous with the technology juggernaut that aims to crush anyone that comes in its path. Amazon stock is hovering around the $800.00 mark.
In 2016, Amazon shocked many by introducing “Amazon Go,” a new kind of grocery store that did not have a checkout line and aimed to provide the most advanced shopping experience. Top brick-and-mortar retailers are redesigning their digital strategies to compete with the e-commerce giant otherwise they face oblivion. And in the meantime, AMZN stock is scaling new heights.
“Amazon Prime Video” is another rising force that will be in the limelight throughout 2017. Video streaming giants like Netflix, Inc. (NASDAQ:NFLX) are spending more than ever to maintain their lead in the online streaming industry as competition heats up.
Amazon has also taken the search giant Alphabet Inc (NASDAQ:GOOGL) head on by introducing the market-leading player in voice-assisted devices, its “Amazon Echo” line of speakers. “Amazon Prime” is growing by leaps and bounds and is expected to maintain its growth in 2017 as well. This has been a major reason for the rise of Amazon stock in the year 2016.
Amazon.com, Inc. made clear in its last annual report that it wanted to be a large company that was also an invention machine. And the company does not appear to be deviating from that path. From its plans to enter Logistics and Original Content, to its “Amazon Alexa”-powered Echo devices and new store formats, Amazon.com, Inc. has its hands full in the new year. And it would be exciting to see AMZN stock reaching new highs in 2017.
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Amazon Wants to Rule the Consumer Space Traders should read what I'm about say because opportunities like the one I'm going to talk about don't come around often. My thoughts are on Amazon.com, Inc. (NASDAQ: AMZN), which retested and broke back above the physiological price threshold of $1,000 on…
Amazon Is the Death Star for Competitors Amazon.com, Inc. (NASDAQ: AMZN) traded as high as $1,083.21 on July 27 but retrenched about 13.5% to $936.33 on August 29, which was a pretty decent trading opportunity for this generational company that is forcing retailers to restructure. AMZN stock has…
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How to Play Amazon Stock After Surge Amazon.com, Inc. (NASDAQ:AMZN) is up 34% this year, with a recent break of the elusive $1,000 price level. In the aftermath, we saw both upgrades and downgrades as investors are left to speculate on what to do next. They could pay…
When Will Amazon Stock Split? As has been said thousands of times before, the key to Amazon.com, Inc. (NASDAQ:AMZN) is its founder: Jeff Bezos. So if you are wondering if an AMZN stock split is around the corner, just take a look at how Bezos runs his firm.…
What to Expect from Amazon Stock Now Welcome to Amazon.com, Inc. (NASDAQ:AMZN), your store for everything. Perhaps that is overly dramatic, but not by much. Amazon’s decision to buy Whole Foods Market, Inc. (NASDAQ:WFM) is one of those events that will be written about in business textbooks for…
Why Amazon Will Take Over the World Amazon.com, Inc. (NASDAQ:AMZN) did something that caught many market analysts by surprise. It announced that it would pay $13.7 billion for high-end brick-and-mortar grocery chain Whole Foods Market, Inc. (NASDAQ:WFM). When I previously discussed Amazon.com a few weeks ago, my view…
AMZN Stock: Testing Support It is time once again to take a look at Amazon.com, Inc. (NASDAQ:AMZN) stock to see what the indications on the company's stock chart are suggesting. The target I outlined in my last publication about this company, "The Next Stop for Amazon Stock Is $1000," has come…
Tech Stocks Are the Best of the Best While most mega-caps enjoy a few years of rapid growth before sputtering to a standstill, Amazon.com, Inc. (NASDAQ:AMZN) keeps moving up and to the right. It seems untethered from the usual laws of finance. Two years ago, the e-commerce giant…
What to Do Next as Amazon Breaks $1,000 Amazon.com, Inc. (NASDAQ:AMZN) beat Apple Inc. (NASDAQ:AAPL) to the $1,000 plateau but, if not for a 7-to-1 stock split initiated by Apple in May 2014, Apple would have a current stock price of about $1,092. Whatever the comparisons, Amazon is…
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Calling for an AMZN Stock Split in 2017 Fifty, just 50 bucks! As of May Day 2017, that's how short Jeff Bezos is from beating Bill Gates to become the world’s richest man. Confused? Well, Amazon.com, Inc. (NASDAQ:AMZN) stock has to advance by roughly $50.00 to cross the $1,000 mark. Once…
Oracle vs. Amazon Cloud computing is one of those emergent industries that gets a ton of play in the press, and for good reason. The ability to greatly magnify your computing power by using the increased connectivity that our modern Internet provides is a surefire way to get…
From: Michael Lombardi, MBA